SOLUTION: How much interest will P8,500 earn after a year at 7% interest per annum? How much is the total amount due?

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Question 55002: How much interest will P8,500 earn after a year at 7% interest per annum? How much is the total amount due?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
How much interest will P8,500 earn after a year at 7% interest per annum? How much is the total amount due?
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Interest = 0.07(8500)= $595
Total amount = 8500+595=$9,095
Cheers,
Stan H.